Cambridge City Bank - Cambridge City, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 12, 1861
Location: Cambridge City, Indiana (39.813, -85.172)

Metadata

Model: gpt-5-mini
Short Digest: 64e0e7e675388cd3

Response Measures

None

Description

1861 newspaper line lists 'Cambridge City' among banks 'voluntarily retiring their circulation' and in a list of 'suspended banks, the notes of which are redeemed at the Auditor's office.' This indicates the bank suspended operations and its notes were being redeemed (i.e., permanent cessation of note circulation). OCR in the article is noisy; I corrected spacing/typos and interpreted 'voluntarily retiring their circulation' as voluntary winding up of note issue (voluntary liquidation) rather than a depositor run.

Events (1)

1. July 12, 1861 Suspension

Cause: Voluntary Liquidation
Cause Details: Listed among banks 'voluntarily retiring their circulation'; notes being redeemed at the Auditor's office indicates voluntary retirement of banknotes / winding up of circulation rather than failure from a run.
Newspaper Excerpt: Cambridge City ... Bank ... is a complete list of the suspended banks, the notes of which are redeemed at the Auditor's office
Source: newspapers

Newspaper Articles (1)

1. July 12, 1861 The New York Herald New York, NY

Article from The New York Herald, July 12, 1861

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Article Text

The banks which are voluntarily retiring their circulation are:Circuation. Securities. 20 515 $24,000 Pank of Rochelle 455 800 Hentington County 1,884 2,600 Crescent City 478 1 000 Canal 1.258 1,256 Indiana Stock 64 952 51,420 Salem Bank, Goshen 47,887 83.810 Exchange, Tibaca 52,119 85,758 Exchange, Greencastle 101 000 76,701 Parke County 86334 49,400 Cambridge City 03 963 35,112 Bank of Paoli 51 183 66 050 Esgrange 388 380 $584,133 Total Annexed is a complete list of the suspended banks, the notes of which are redeemed at the Auditor's office, with the rate at which they are